Beware – Avoid Questrade.com – How Questrade online brokerage unscrupulously stole money from an investor even though the application has been canceled and the applicant has not performed a single trade.
** Mary J. Emp., you are their superior at Questrade and you have the power to make a change. What will you do about this situation? **
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Full version at http://avoidquestrade.wordpress.com
No one who has been made aware of this situation thinks that it’s acceptable, except of course for Questrade.com who still refuse to return money which doesn’t belong to them no matter who legally asks for it.
So many try to talk to Questrade in private or file official complaints with the regulators, hoping they will do the right thing, without any results. Going to Questrade’s offices with a TV crew might be what it takes to get the funds back.
My best advice to anyone having serious issues with Questrade is to file official complaints with the regulators and then contact a good lawyer and your local media, because the regulators will not help you.
What are the regulators doing about Questrade? Absolutely nothing. Current regulation doesn’t prevent their unprofessional, unethical, dishonest and unlawful behavior. Questrade function with near total impunity.
It’s easy to understand why Questrade is “not BBB Accredited” (The Better Business Bureau) and went from a failing “F grade from BBB”, which is the lowest rating an online business can get on a scale of A+ to F, to “No Rating”.
I have done a great deal of research and according to the multiple official complaints and blog posts, “Questrade is a dreadful company” would be an understatement.
Judging from the information that I’ve gathered, all those posts warning people to “STAY FAR AWAY from Questrade” in all kinds of colorful language seem 100% correct.
Can anyone trust a company who lies, deceives, cheats and steals your hard earned money?
Think about all that you risk loosing, if a bully decides to steal your money and refuses to give it back. What would you do, if you were in a similar situation?
Since Questrade will arbitrarily keep your money when you cancel your application, the following Questrade statement is completely false, a blatant lie and very misleading:
“NOTE: If you discard this application you will lose all information that has been entered. If you made an online bill payment or you paid by cheque, the amount will be refunded to you.”
Questrade will not refund your deposit. Questrade will do as they please with your money.
** Questrade, be wise and fully return the funds. Honor what you have put in writing. No one likes a bully, liar or a thief. No one is above the law. **
** Mary J. Emp., you are their superior at Questrade and you have the power to make a change. What will you do about this situation? **
No matter who you decide to do business with, do your due diligence and keep records.
What will the regulators do about Questrade? Only time will tell.
Please feel free to repost and share.
Full version at http://avoidquestrade.wordpress.com
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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